Termination of Employment of Executive Sample Clauses

Termination of Employment of Executive. The Executive’s employment may be terminated by following the procedures specified in this Section 3.
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Termination of Employment of Executive. (i) At all times, each of Employer and Executive shall have the right by written notice delivered to the other to terminate Executive's employment with Employer for any reason. Following any termination of Executive's employment with Employer, Employer shall immediately pay to Executive all accrued and unpaid compensation for periods prior the Termination Date and Executive shall be entitled to all accrued benefits and coverages under the terms of any employee compensation or benefit plan of the Company in which Executive was a participant at any time during the period of his employment with the Company. (ii) In the event that the employment of Executive with Employer is terminated by Employer Without Cause or by Executive for Good Reason (a) prior to the Contract Period and in anticipation of a Change in Control or (b) during the Contract Period (any such termination, a "Qualifying Termination"), Executive shall be entitled to receive the compensation and benefits provided in Section 3 of this Agreement. Executive shall have no right to receive any compensation or benefits under Section 3 of this Agreement upon any other termination of Executive's employment prior to or during the Contract Period.
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Termination of Employment of Executive. BY THE COMPANY FOR CAUSE OR BY EXECUTIVE FOR GOOD REASON. (a) The Company may terminate Executive's Employment for Cause (as defined below) or without Cause pursuant to the terms of this Agreement. From and after the date of termination for Cause and other than as provided in this Section, Executive shall no longer be entitled to any of the benefits of this Agreement and the Company shall have no further obligations to Executive; provided, however, any rights and benefits which
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Termination of Employment of Executive. (i) At all times, each of Employer and Executive shall have the right by written notice delivered to the other to terminate Executive's employment with Employer for any reason. Following any termination of Executive's employment with Employer, Employer shall immediately pay to Executive all accrued and unpaid compensation for periods prior the Termination Date and Executive shall be entitled to all accrued benefits and coverages under the terms of any employee compensation or benefit plan of the Company in which Executive was a participant at any time during the period of his employment with the Company. (ii) In the event that the employment of Executive with Employer is terminated (x) by Employer Without Cause (i) prior to the Contract Period and in anticipation of a Change in Control or (ii) during the Contract Period or (y) by Executive for any or no reason during the Contract Period (any such termination under clause (x) or (y), a "Qualifying Termination"), Executive shall be entitled to receive the compensation and benefits provided in Section 3 of this Agreement. Executive shall have no right to receive any compensation or benefits under Section 3 of this Agreement upon any other termination of Executive's employment prior to or during the Contract Period.
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Termination of Employment of Executive. If Executive’s employment with Parent, pursuant to the Quark Employment Agreement, is terminated, then Executive’s employment with QBI shall terminate as of the date of such termination of employment with Parent. If Executive’s employment with Parent was terminated without Cause under the Quark Employment Agreement, then Executive shall continue to receive from QBI the full amount and scope of compensation described in Section 4 for a period of (a) ten (10) months from the date of such termination if the termination occurs within the first year of Executives employment with Parent, (b) eight (8) months from the date of termination if the termination occurs with the second year , and (c) six (6) months from the date of termination if the termination occurs within the third year. If Executive’s employment with Parent was terminated for Cause under the Quark Employment Agreement, then Executive shall then not be considered an employee of QBI for any purpose, and his salary and all other benefits shall cease upon the termination of his employment. In addition to the above, Executive’s employment hereunder may be terminated by the Board of Directors of QBI, with or without cause, at any time during the term hereof upon thirty (30) days advance written notice from the Board of Directors of QBI.
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Termination of Employment of Executive 
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Related to Termination of Employment of Executive

  • Employment of Executive Employer hereby agrees to employ Executive, and Executive hereby agrees to be and remain in the employ of Employer, upon the terms and conditions hereinafter set forth.

  • Termination of Employment Agreement As of the Effective Date, the Employment Agreement hereby is terminated in its entirety and shall no longer have any force or effect.

  • Voluntary Termination of Employment If during the Employment Term, Executive terminates his employment under circumstances other than those specified elsewhere in this Section 8, Executive shall be entitled to the payments and benefits specified in Section 8(a).

  • Termination of Employment for Cause If Optionee’s employment with the Bancorp or a subsidiary corporation is terminated for cause, this option shall expire thirty (30) days from the date of such termination. Termination for cause shall include, but not be limited to, termination for malfeasance or gross misfeasance in the performance of duties or conviction of a crime involving moral turpitude, and, in any event, the determination of the Board of Directors with respect thereto shall be final and conclusive.

  • Termination of Employment Executive's employment hereunder may be terminated under the following circumstances:

  • Other Termination of Employment In the event of your voluntary termination (other than a Retirement subject to Section 2(c) or a Qualifying Termination subject to Section 2(f)), or termination by the Company or a subsidiary of the Company for misconduct or other conduct deemed by the Company to be detrimental to the interests of the Company or a subsidiary of the Company, you shall forfeit all unvested RSUs on the date of termination.

  • Termination of Employment Period The Agreement Term shall terminate upon the occurrence of any of the following:

  • Separation of Employment (a) If an employee is discharged he shall be paid in full for all monies owing him on the date of his discharge. If an employee quits the Employer may withhold payment for five (5) calendar days. (b) The Employer shall give a Record of Employment Certificate to any employee who separates from employment for at least seven (7) days for any reason within five (5) days of the last day worked, or terminates.

  • Termination of Employment; Change in Control (i) For purposes of the grant hereunder, any transfer of employment by the Optionee among the Corporation and the Subsidiaries shall not be considered a termination of employment. Except as set forth below in this Section 4(c)(i), if the Optionee's employment with the Corporation shall terminate for any reason, (a) the Option (to the extent then vested) may be exercised at any time within ninety (90) days after such termination (but not beyond the Term of the Option) and (b) the Option, to the extent not then vested, shall immediately expire upon such termination. Notwithstanding the foregoing, (a) if the Optionee's employment with the Corporation is terminated for Cause (as defined in the last Section hereof), the Option, whether or not then vested, shall be automatically terminated as of the date of such termination of employment, (b) if the Optionee's employment terminates by reason of Retirement, the termination of the Optionee's employment by the Company other than for Cause, or the termination of the Optionee's employment by the Optionee for Good Reason (as defined in the last Section hereof), the Option shall remain exercisable for three years from the date of such termination of employment (but not beyond the Term of the Option) and (c) if the Optionee dies or becomes Disabled (A) while employed by the Corporation or (B) within 90 days after the termination of his or her employment (other than a termination described in clause (a) or (b) of this sentence), the Option may be exercised at any time within one year after the Optionee's death or Disability (but not beyond the Term of the Option). (ii) If the Optionee's employment terminates by reason of death, Disability, Retirement, the termination of the Optionee's employment by the Company other than for Cause, or the termination of the Optionee's employment by the Optionee for Good Reason, the Option shall become fully and immediately vested and exercisable. In the event of a Change in Control (as defined in the last Section hereof), the Option shall immediately become fully vested and exercisable.

  • Location of Employment The Executive's principal place of business shall continue to be at the Company's headquarters to be located within thirty (30) miles of Doylestown, Pennsylvania; provided, that the Executive acknowledges and agrees that the performance by the Executive of his duties shall require frequent travel including, without limitation, overseas travel from time to time.

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